Skip to main content
Elsevier

Books in Economics and finance

Our Economics and Finance titles are essential reading for students, scholars, policymakers, and market practitioners who want to stay up-to-date with the latest research and foundational topics in the field, from financial markets and trade to e-commerce, econometrics, quantiative investing, financial technology, financial engineering, global finance, corporate finance, law and economics, macro and microeconomics, and risk management.

Titles manage to balance quality of content with the increasing demand for a wider view of the vast array of topics in the field of Economics and Finance.

  • Principles of Financial Engineering

    • 1st Edition
    • Salih N. Neftci
    • English
    Principles of Financial Engineering presents a fresh, original, informative, and up-to-date introduction to financial engineering. Rather than introducing financial instruments, this book describes the methods of synthetically creating assets in static and in dynamic environments, and shows how to use them. It offers clear links between intuition and underlying mathematics and an outstanding mixture of market insights and mathematical materials. It emphasizes developing methods that can be used to solve risk management, taxation, regulation, and above all, pricing problems. It explains issues involved in the day-to-day life of traders, using non-mathematical language. It provides a careful and concise analysis of the LIBOR market model and of volatility engineering problems. Exercises and case studies at end of each chapter as well as on-line Solutions Manual are available. This book will be a useful resource for anyone learning about practical elements of financial engineering. It can also serve as a resource for professionals and academics in all areas of quantitative finance.

  • Encyclopedia of Forest Sciences

    • 1st Edition
    • Julian Evans + 2 more
    • English
    A combination of broad disciplinary coverage and scientific excellence, the Encyclopedia of Forest Sciences will be an indispensable addition to the library of anyone interested in forests, forestry and forest sciences. Packed with valuable insights from experts all over the world, this remarkable set not only summarizes recent advances in forest science techniques, but also thoroughly covers the basic information vital to comprehensive understanding of the important elements of forestry. The Encyclopedia of Forest Sciences also covers relevant biology and ecology, different types of forestry (e.g. tropical forestry and dryland forestry), scientific names of trees and shrubs, and the applied, economic, and social aspects of forest management. Valuable key features further enhance the utility of this Encyclopedia as an exceptional reference tool. Also available online via ScienceDirect – featuring extensive browsing, searching, and internal cross-referencing between articles in the work, plus dynamic linking to journal articles and abstract databases, making navigation flexible and easy. For more information, pricing options and availability visit www.info.sciencedire...

  • Railroad Bankruptcies and Mergers from Chicago West: 1975-2001

    Financial Analysis and Regulatory Critique
    • 1st Edition
    • Volume 7
    • Michael Conant
    • English
    Two major U.S. Midwestern railroads, the Rock Island Lines and the Milwauke Road, filed for bankruptcy after 1975 and the Court ordered them dismembered. This study explains the economic factors causing financial failure such as total rail line excess capacity in the region leading to low density of freight traffic; in addition, labor union rules required unnecessary large train crews. The regulations of the Interstate Commerce Commission aggravated the economic problems by limiting rail line abandonments and mergers designed to improve efficiency. Congress passed the Staggers Act in 1980 to correct a large part of the regulatory limitations to efficient reorganization of the U.S. rail system, but it was too late to save the Rock Island and the Milwaukee Road.The later chapters are economic analyses of the more recent mergers of the large railroads from the Mississippi River to the Pacific Coast. A key saving resulted from the court ruling that segments of rail line could be sold to new short-line railroads without the selling carrier having to pay special compensation to rail workers who were discharged. The Illinois Central Railroad was a prime example of a carrier that sold almost all of its branch lines. Great efficiencies in operations were realized as the Union Pacific acquired the Missouri Pacific and the Southern Pacific. Comparable efficiencies were realized by the Burlington Northern acquisitions of the St. Louis-San Francisco and the Atchison, Topeka & Santa Fe.

  • Principles of Cash Flow Valuation

    An Integrated Market-Based Approach
    • 1st Edition
    • Joseph Tham + 1 more
    • English
    Principles of Cash Flow Valuation is the only book available that focuses exclusively on cash flow valuation. This text provides a comprehensive and practical, market-based framework for the valuation of finite cash flows derived from a set of integrated financial statements, namely, the income statement, balance sheet, and cash budget. The authors have distilled the essence of years of gathering academic wisdom in the study of cash flow analysis and the cost of capital. Their work should go a long way toward bridging the gap between the application of cost benefit analysis and the theory of capital budgeting.This book covers the basic concepts in market-based cash flow valuation. Topics include the tme value of money (TVM) and an introduction to cost of capital; basic review of financial statements and accounting concepts; construction of integrated pro-forma financial statements; derivation of free cash flows; use of the WACC in theory and in practice; estimating the WACC for non traded firms; calculating the terminal value beyond the planning period. It also revisits the theory for cost of capital and explains how cash flows are valued in reality. The ideas are illustrated using examples and a case study. The presentation is appropriate for a range of technical backgrounds.This text will be of interest to finance professionals as well as MBA and other graduate students in finance.

  • Profile of the International Fluid Sealing Industry - Market Prospects to 2008

    • 3rd Edition
    • K Sutherland
    • English
    The definitive guide to the international fluid sealing industry to help you make the right business decisions. Will help you to keep track of the major issues affecting the market Will enable you to identify new business opportunities Includes Market forecasts, commentary and analysis sup.ported by primary research Completely revised and updated, the 3rd edition of Profile of the International Fluid Sealing Industry - Market Prospects to 2008 reviews the markets, technological trends and major manufacturers of fluid seals on a global basis. We have drawn on the expertise from our existing portfolio, Sealing Technology newsletter and World Pumps magazine to bring you vital information, analyses, forecasts that cannot be found anywhere else. The study deals with items and materials used, very largely, in the mechanical engineering sector, to effect hermetic closures or the separation of fluids. It therefore covers gaskets and packings, O-rings and mechanical and bellows seals. Profile of the International Fluid Sealing Industry covers the structure of the industry, highlighting developments, identifying future trends, and looking at recent mergers and acquisitions in the sector. Market estimates and forecasts to 2008, by region and seal type, are presented along with an analysis of the main end-user markets for fluid seals, as well as a technology overview. Forty leading international fluid sealing manufacturers are profiled. A directory of seal manufacturing companies is also included.

  • The Smart Card Report

    • 8th Edition
    • Wendy Atkins
    • English
    The definitive guide to the smart card industry. Will help you to keep track of the major issues affecting the market Will enable you to identify new business opportunities Includes profiles of key players, assesses market trends and drivers, comprehensive technology review Completely revised and updated, the 8th edition of The Smart Card Report examines the smart card market and major end-use sectors, identifying their needs for smart cards, assessing growth prospects and highlighting market opportunities. The study looks at the structure of the industry, profiles key players, assesses market trends and drivers, discusses industry issues and investigates usage by geographical region and application area. A comprehensive technology review is also included. We have drawn on the expertise from our existing portfolio, Card Technology Today newsletter and ID Smart: Cards for Governement & Healthcare conference to bring you vital information, analysis and forecasts that cannot be found anywhere else.

  • Computational Finance

    Numerical Methods for Pricing Financial Instruments
    • 1st Edition
    • George Levy
    • English
    Computational Finance presents a modern computational approach to mathematical finance within the Windows environment, and contains financial algorithms, mathematical proofs and computer code in C/C++. The author illustrates how numeric components can be developed which allow financial routines to be easily called by the complete range of Windows applications, such as Excel, Borland Delphi, Visual Basic and Visual C++.These components permit software developers to call mathematical finance functions more easily than in corresponding packages. Although these packages may offer the advantage of interactive interfaces, it is not easy or computationally efficient to call them programmatically as a component of a larger system. The components are therefore well suited to software developers who want to include finance routines into a new application.Typical readers are expected to have a knowledge of calculus, differential equations, statistics, Microsoft Excel, Visual Basic, C++ and HTML.

  • Fiscal Health for Local Governments

    • 1st Edition
    • Beth Walter Honadle + 2 more
    • English
    Fiscal Health for Local Governments offers a how-to approach to identifying and solving financial problems. Its principal selling point lies in its assumptions: instead of using the vocabulary and research agendas of economist, finance scholars, and political scientists, it will appeal to readers who lack sophisticated knowledge in these areas and nevertheless need practical advice. The book stems from the Fiscal Health Education Program, an applied economics program at the University of Minnesota. It uses three measures of fiscal health — financial condition, trend analysis, and financial trend monitoring system — as the basis for advocating particular fiscal strategies. The book examines the tools that can be used to assess the condition of a local government's fiscal health and some of the policy causes or remedies for certain situations, as well as some of the strategies governments can pursue to maintain and improve health. It will serve as a primer for readers interested in understanding financial processes and alternatives, and as a practical guide for those who need access to fiscal measurement tools.

  • Regulation and Compliance in Operations

    • 1st Edition
    • David Loader
    • English
    'Regulation and Compliance in Operations' looks at how regulation affects the operations function by focusing on regulatory issues and drivers. As regulatory demands ever increasing, it is important for operations teams to be aware of the important regulatory issues which exist globally. Like any other part of an organization in the financial services industry, operations has rules and regulations to comply with. Although many view regulation as being about rooting out rogue traders and controlling speculators, its role is much more profound than this, and without it many more 'scandals' would undoubtedly occur. The problem for the regulator is that unless total oversight of every transaction, account, business and individual can be made, there will always be rogue traders or more recent examples like Enron and World.Com. As such intense oversight is not practical, the regulator can only do so much, with most of the responsibility resting with the firms and organizations themselves.For operations teams their role in protecting the firm stems from their ability to manage critical processes like reconciliation, asset position agreements and the nostro accounts efficiently and effectively. Regulators need the help and support of the businesses to have a 'business-friendly environment'. When some abuse the trust placed in them and the regulatory environment, a 'scandal' or worse occurs, with the result that the majority are penalized as regulators react to criticism and apply more onerous regulations.It is often the operations teams that bear most, or at least some, of the repercussions of greater regulatory oversight of the business. It is therefore vitally important for operations teams to have a firm understanding of the regulatory issues and drivers. This book will help you gain that understanding, as well as looking at the important regulatory issues in the various global markets in which your business operates.

  • Portfolio Management in Practice

    • 1st Edition
    • Christine Brentani
    • English
    As individuals are becoming more and more responsible for ensuring their own financial future, portfolio or fund management has taken on an increasingly important role in banks' ranges of offerings to their clients. In addition, as interest rates have come down and the stock market has gone up and come down again, clients have a choice of leaving their saving in deposit accounts, or putting those savings in unit trusts or investment portfolios which invest in equities and/or bonds. Individuals are becoming aware that they might need to top up government pension allocations. Likewise, corporations who run employee pension schemes have to ensure that they are able to cover their current and future liabilities. Investing in unit trusts or mutual funds is one way for individuals and corporations alike to potentially enhance the returns on their savings.Introduction to Portfolio Management covers the:*Theoretical underpinnings of portfolio management*Basics of portfolio construction*Constra... to be considered when building a client portfolio*Types of analysis used for asset allocation and stock selection*Main types of funds available to investors

  • Supply Chain Management

    Design, Coordination and Operation
    • 1st Edition
    • Volume 11
    • Dekok
    • English
    This handbook contains chapters covering a broad range of supply chain management issues written by leading experts in the field. It is aimed at researchers, students, engineers, economists and managers involved in supply chain management.

  • Research in Social Stratification and Mobility

    • 1st Edition
    • Volume 20
    • Kevin T Leicht
    • English
    Volume 20 of "Research in Social Stratification and Mobility" continues to remain at the forefront of the diverse group of social scientists who study social inequality and is now the official publication of the Social Stratification Research Group of the International Sociological Association (RC-28). This issue features a comprehensive retrospective on the 40 years of contributions to social stratification research made by the late William Sewell and the Wisconsin Longitudinal Survey, including an all-inclusive bibliography of publications. Other contributions address the growing differences between workers with full-time jobs and various categories of the underemployed (in Israel, the United States and Germany), social mobility in Korea and Sweden, subjective responses to social inequality and the social consequences of status inconsistency, and analyses of class consciousness and growing wealth inequality in the OECD.

  • Achieving Market Integration

    Best Execution, Fragmentation and the Free Flow of Capital
    • 1st Edition
    • Scott McCleskey
    • English
    Best execution, market integration, and other major financial market issues have traditionally been dealt with as separate matters requiring individual solutions. In Achieving Market Integration the author demonstrates the interrelated nature of these and other imperative problems, and sensibly reduces them to their common fundamental principles. Beginning with an in-depth examination of best execution in today's multiple-market environment, the book moves logically into an examination of market structure and the problems of achieving genuine integration. The book makes the case that order interaction is fundamental to addressing each of these issues, and develops a unified regulatory approach to achieve true market integration based on intermarket linkages and a cross-market best execution policy. This unique approach culminates in a coherent set of policy recommendations and an innovative framework for assessing the effectiveness of future policy proposals.

  • Energetic Materials

    Part 1. Decomposition, Crystal and Molecular Properties
    • 1st Edition
    • Volume 12
    • English
    This volume provides an overview of current research and recent advances in the area of energetic materials, focusing on decomposition, crystal and molecular properties. The contents and format reflect the fact that theory, experiment and computation are closely linked in this field. Since chemical decomposition is of fundamental importance in energetic performance, this volume begins with a survey of the decomposition processes of a variety of energetic compounds. This is followed by detailed studies of certain compounds and specific mechanisms, such as nitro/aci-nitro tautomerism. Chapter 6 covers the transition from decomposition to crystal properties, with molecular dynamics being the primary analytical tool. The next several chapters deal with different aspects of the crystalline state, again moving from the general to particular. There is also a discussion of methods for computing gas, liquid and solid phase heats of formation. Finally, the last portion of this volume looks at the potential of high-nitrogen molecules as energetic systems; this has been of considerable interest in recent years.Overall, this volume illustrates the progress that has been made in the field of energetic materials and some of the areas of current activity. It also indicates the challenges involved in characterizing and understanding the properties and behaviour of these compounds. The work is a unique state-of-the-art treatment of the subject, written by pre-eminent researchers in the field.

  • Credit Risk: From Transaction to Portfolio Management

    • 1st Edition
    • Andrew Kimber
    • English
    Credit Risk: from transaction to portfolio management provides high level, focused analysis of the nature of credit risk in investment bank portfolio management. Written by experienced international practitioners, it offers in-depth information and advice that will help all those charged with managing credit risk at the sharp end.Credit Risk Management strives to protect the capital and reputation of the bank while preserving its franchise and optimising long-term profitability. These goals are achieved by: Recommending suitable credit policies and guidelines Performing due diligence on the banks' customers Incorporating both quanitative and qualitative analysis to balance risk and return Providing creative advice to facilitate client transactions Coordinating legal and operational issues Embracing technological change to enhance bank effectiveness Credit Risk provides financial institutions and their staff with everything they need to know about how to control and manage credit risk. It gives sound analysis of trading strategies and complex derivative product, offers an understanding of settlement procedures and legal issues, and shows how to accurately quantify and measure related risks.

  • Handbook of the Economics of Finance

    • 1st Edition
    • Volume 1AB
    • G. Constantinides + 2 more
    • English
    Handbook of the Economics of Finance Volume 1A and 1B

  • Surface Dynamics

    • 1st Edition
    • Volume 11
    • English
    While much of traditional surface science has been concerned with equilibrium properties and simple kinetics, there is a growing effort in the area of dynamical processes at surfaces. This book draws together a series of chapters written by acknowledged experts in the field, which describe progress in a range of specific topics. The emphasis is on chemical reaction dynamics, including both theoretical and experimental approaches and covering work on low index single crystal surfaces, on stepped surfaces and on supported metal clusters. Other processes, such as surface diffusion are also addressed. Further chapters discuss dynamical processes in electronically-induc... desorption, and in surface diffusion on semiconductors and metals.

  • Handbook of the Economics of Finance

    Financial Markets and Asset Pricing
    • 1st Edition
    • Volume 1B
    • G. Constantinides + 2 more
    • English
    Volume 1B covers the economics of financial markets: the saving and investment decisions; the valuation of equities, derivatives, and fixed income securities; and market microstructure.

  • Handbook of the Economics of Finance

    Corporate Finance
    • 1st Edition
    • Volume 1A
    • George M. Constantinides + 2 more
    • English
    Volume 1A covers corporate finance: how businesses allocate capital - the capital budgeting decision - and how they obtain capital - the financing decision. Though managers play no independent role in the work of Miller and Modigliani, major contributions in finance since then have shown that managers maximize their own objectives. To understand the firm's decisions, it is therefore necessary to understand the forces that lead managers to maximize the wealth of shareholders.

  • Finance of International Trade

    • 1st Edition
    • Eric Bishop
    • English
    Introduction to International Trade Finance covers the complete cycle of international trade and explains the roles of the specialist operators. Introduction to International Trade Finance aims to:*Guide the reader through every phase of typical trade transactions, examining in detail the relationships between the various parties involved and explaining the facilities employed. *Demonstrate the range of banking instruments and techniques available to exporters and importers which enable them to enter into contracts, confident that whichever method of settlement they agree upon can be provided with the minimum of risk. *Provide a firm understanding of when to apply a particular form of finance, what risks are involved and how they can be counteracted Now updated to include the UCP600.

  • Engineering a Compiler

    • 1st Edition
    • Keith D. Cooper + 1 more
    • English
    The proliferation of processors, environments, and constraints on systems has cast compiler technology into a wider variety of settings, changing the compiler and compiler writer's role. No longer is execution speed the sole criterion for judging compiled code. Today, code might be judged on how small it is, how much power it consumes, how well it compresses, or how many page faults it generates. In this evolving environment, the task of building a successful compiler relies upon the compiler writer's ability to balance and blend algorithms, engineering insights, and careful planning. Today's compiler writer must choose a path through a design space that is filled with diverse alternatives, each with distinct costs, advantages, and complexities. Engineering a Compiler explores this design space by presenting some of the ways these problems have been solved, and the constraints that made each of those solutions attractive. By understanding the parameters of the problem and their impact on compiler design, the authors hope to convey both the depth of the problems and the breadth of possible solutions. Their goal is to cover a broad enough selection of material to show readers that real tradeoffs exist, and that the impact of those choices can be both subtle and far-reaching. Authors Keith Cooper and Linda Torczon convey both the art and the science of compiler construction and show best practice algorithms for the major passes of a compiler. Their text re-balances the curriculum for an introductory course in compiler construction to reflect the issues that arise in current practice.

  • Intellectual Capital

    Measuring the Immeasurable?
    • 1st Edition
    • Anthony Wall + 2 more
    • English
    Intellectual Capital investigates how companies throughout Ireland are measuring their intellectual capital assets and how their efforts compare to those of the leading exponents of intellectual capital. This report: * includes a survey of twenty-eight Irish companies * highlights the importance of intellectual capital within the new economy * defines the role of the management accountant in the area of intellectual capital The authors conclude there is a recognition of intellectual capital and its measurement in Irish companies, but acknowledge the masurement and practices appear to be taking place in isolation rather than forming part of an overall intellectual capital management strategy.

  • Successful Foreign Acquisitions

    The Pivotal Role of the Management Accountant
    • 1st Edition
    • Tony Appleyard + 1 more
    • English
    Successful Foreign Acquisitions investigates two cross-border acquisitions with the aim of looking at the role of management accounting in the process and drawing useful lessons about the acquistion and integration process for practioners. The authors: *identify the acquisition strategy and examine its added value *evaluate the strategy in both cultural and economic terms *consider the required management control systems needed to implement the strategy and compare this with the actual control systems used * review what performance measures would be needed to encourage managers to deliver and compare these with the actual measures introduced * consider how environmental and cultural differences impact on this process

  • The International Handbook on Innovation

    • 1st Edition
    • Larisa V Shavinina
    • English
    The International Handbook on Innovation is the most comprehensive and authoritative account available of what innovation is, how it is measured, how it is developed, how it is managed, and how it affects individuals, companies, societies, and the world as a whole. Leading specialists from around the world, responsible for much of the current research in the field, analyze the multidisciplinary and multifaceted nature of innovation, its types and levels, its criteria, its development, its management, its specificity in various domains and contexts, and societal demands on it. They consider innovation from the viewpoints of psychology, management science, business, technology, sociology, philosophy, economics, history, education, art, and public policy.With contributions from over 90 distinguished authors covering 17 nations, readers will obtain expert insight into the latest research and future developments in the field of innovation. The Handbook will present many facets of innovation including its nature, its development, its measurement, its management, and its social, cultural, and historical context. The breadth of this work will allow the reader to acquire a comprehensive and panoramic picture of the nature of innovation within a single handbook. The reader will develop an accurate sense of what spurs potentially creative and innovative people and companies toward their extraordinary achievements and exceptional performances.The handbook can be used as a reference source for those who would like information about a particular topic, or from cover to cover either as a sourcebook or as a textbook in a course dealing with innovation. Anyone interested in knowing the wide range of issues regarding innovation will want to read this handbook.

  • Operational Risk Control with Basel II

    Basic Principles and Capital Requirements
    • 1st Edition
    • Dimitris N. Chorafas
    • English
    Operational Risk Control with Basel II, provides a sound methodology for operational risk control and focuses on management risk and ways to avoid it. The book explains why and how information technology is a major operational risk and shows how to integrate cost control in the operational risk perspective. It aslo details analytical approaches to operational risk control, to help with scorecard developments, explains the distinction between High Frequency Low Risk and Low Frequency High Risk events and provides many case studeies from banking and insurance to demonstrate the attention operational risks deserve.

  • Transport Mediated by Electrified Interfaces

    Studies in the Linear, Non-linear and far from Equilibrium Regimes
    • 1st Edition
    • Volume 18
    • English
    Transport Mediated by Electrified Interfaces provides an overview of the innovative use of electro-kinetic phenomena in experimentally exploring non-equilibrium regions of chemically non-reacting systems. Transport phenomena mediated by charged liquid-liquid interfaces and solid-liquid interfaces are also covered. Transport phenomena mediated by electrified interfaces are discussed in the context of a number of important areas, including, soil/water systems, phase transfer catalysis, animal/plant physiology and mimicking taste/smell sensing mechanisms.

  • The International Seafood Trade

    • 1st Edition
    • James M Anderson
    • English
    The rapid growth in seafood trade in the past three decades has created a truly global market for fish. Written by one of the world’s leading authorities on the subject, this book is the first to explore the structure, function and trends of this international market. It is invaluable for seafood traders, government officials and researchers, and has become the standard reference on the desks of all participants in and observers of the international fish and seafood trade.

  • Comprehensive Structural Integrity

    • 1st Edition
    • Ian Milne + 2 more
    • English
    The aim of this major reference work is to provide a first point of entry to the literature for the researchers in any field relating to structural integrity in the form of a definitive research/reference tool which links the various sub-disciplines that comprise the whole of structural integrity. Special emphasis will be given to the interaction between mechanics and materials and structural integrity applications. Because of the interdisciplinary and applied nature of the work, it will be of interest to mechanical engineers and materials scientists from both academic and industrial backgrounds including bioengineering, interface engineering and nanotechnology. The scope of this work encompasses, but is not restricted to: fracture mechanics, fatigue, creep, materials, dynamics, environmental degradation, numerical methods, failure mechanisms and damage mechanics, interfacial fracture and nano-technology, structural analysis, surface behaviour and heart valves. The structures under consideration include: pressure vessels and piping, off-shore structures, gas installations and pipelines, chemical plants, aircraft, railways, bridges, plates and shells, electronic circuits, interfaces, nanotechnology, artificial organs, biomaterial prostheses, cast structures, mining... and more. Case studies will form an integral part of the work.

  • Integrative Phytochemistry: from Ethnobotany to Molecular Ecology

    Recent Advances in Phytochemistry
    • 1st Edition
    • Volume 37
    • John Romeo
    • English
    This monograph series is commissioned by the Phytochemical Society of North America (PSNA). The volumes in this series contain articles on developing topics of interest to scientists, students and individuals interested in recent developments in the biochemistry, chemistry and molecular biology of plants. Volume 37 concentrates on the integration of techniques to solve complex phytochemistry problems.

  • Elements of Financial Risk Management

    • 1st Edition
    • Peter Christoffersen
    • English
    Elements of Financial Risk Management offers an introduction to modern risk management. It focuses on implementation, especially recent techniques which facilitate bridging the gap between standard textbooks on risk and real-life risk management systems. It identifies key features of risk asset returns and captures them in tractable statistical models in the companion website. It presents step-by-step approaches as a means to solve problems. This book is intended for three types of readers with an interest in financial risk management. First, Master's and Ph.D. students specializing in finance and economics. Second, market practitioners with a quantitative undergraduate or graduate degree. Third, a small group of advanced undergraduates majoring in either economics, engineering, finance, or another quantitative field. The book will also suit those in financial engineering courses who have strong quantitative backgrounds and those in Ph.D. courses.

  • Advances in Portfolio Construction and Implementation

    • 1st Edition
    • Alan Scowcroft
    • English
    Modern Portfolio Theory explores how risk averse investors construct portfolios in order to optimize market risk against expected returns. The theory quantifies the benefits of diversification.Mode... Portfolio Theory provides a broad context for understanding the interactions of systematic risk and reward. It has profoundly shaped how institutional portfolios are managed, and has motivated the use of passive investment management techniques, and the mathematics of MPT is used extensively in financial risk management.Advances in Portfolio Construction and Implementation offers practical guidance in addition to the theory, and is therefore ideal for Risk Mangers, Actuaries, Investment Managers, and Consultants worldwide. Issues are covered from a global perspective and all the recent developments of financial risk management are presented. Although not designed as an academic text, it should be useful to graduate students in finance.

  • Tech Stock Valuation

    Investor Psychology and Economic Analysis
    • 1st Edition
    • Mark Hirschey
    • English
    Tech Stock Valuation extends the R&D literature by providing detailed direct evidence on the market value implications of inventive and innovative output. Specifically, the text demonstrates that stock-price effects of patent output are most pronounced in the case of high-quality patents, where patent quality is measured by scientific merit. Scientific measures of patent quality give students a valuable new tool that can be used to measure R&D program effectiveness. At the same time, it gives investors a new tool to help them assess the value of hard-to-measure intangible assets. The book is an ideal resource for professionals working in finance and accounting; investment professionals and industry analysts who work for companies that engage in research and development; MBA students; economists working in industrial organizations, microeconomics, and contract theory.

  • IPOs and Equity Offerings

    • 1st Edition
    • Ross Geddes
    • English
    An initial public offering (IPO) is one of the most significant events in corporate life. It follows months, even years of preparation. During the boom years of the late 1990s bull market, IPOs of growth companies captured the imagination and pocketbooks of investors like never before. This book goes behind the scenes to examine the process of an offering from the decision to go public to the procedures of a subsequent equity offering. The book is written from the perspective of an experienced investment banker describing the hows and whys of IPOs and subsequent equity issues. Each aspect of an IPO is illustrated with plenty of international examples pitched alongside relevant academic research to offer a combination of theoretical rigour and practical application. Topics covered are: - the decision to go public- legal and regulatory aspects of an offering; marketing and research- valuation and pricing- allocations of shares to investors - examination of fees and commissions

  • New Insights into Membrane Science and Technology: Polymeric and Biofunctional Membranes

    • 1st Edition
    • Volume 8
    • Dibakar Bhattacharyya + 1 more
    • English
    Membrane techniques provide a broad science and technology base. Although there are several books in the traditional membrane field, there is a great need for a highly comprehensive book. This refereed book covers materials from highly respected researchers. This title is highly multidisciplinary in nature and should be extremely valuable to scientists and engineers involved in a variety of activities. Students and faculty members around the world will find this title to be an excellent reference book.

  • Handbook of Environmental Economics

    Environmental Degradation and Institutional Responses
    • 1st Edition
    • Volume 1
    • Karl-Goran Maler + 1 more
    • English
    The Handbook of Environmental Economics focuses on the economics of environmental externalities and environmental public goods. Volume I examines environmental degradation and policy responses from a microeconomic, institutional standpoint. Its perspective is dynamic, including a consideration of the dynamics of natural systems, and global, with attention paid to issues in both rich and poor nations. In addition to chapters on well-established topics such as the theory and practice of pollution regulation, it includes chapters on new areas of environmental economics research related to common property management regimes; population and poverty; mechanism design; political economy of regulation; experimental evaluations of policy instruments; and technological change.

  • Fixed Income Mathematics

    • 1st Edition
    • Robert Zipf
    • English
    Fixed Income Mathematics is an easy-to-understand introduction to the mathematics of common fixed income instruments. This book offers explanations, exercises, and examples without demanding sophisticated mathematics from the reader. Not only does the author use his business and teaching experience to highlight the fundamentals of investment and management decision-making, but he also offers questions and exercises that suggest the applicability of fixed income mathematics. Written for the reader with a general mathematics background, this self-teaching book is suffused with examples that also make it a handy reference guide. It should serve as a gateway to financial mathematics and to increased competence in business analysis. International comparisons are used to illustrate how interest is compounded. This text will be a valuable resource for professional insurance and other actuarials who invest in bonds and who are concerned with inflation, asset-liability management, the time value of money, interest rates, rates of return, risk, and investment income. It will also appeal to MBA students and anyone seeking a general introduction or overview of the subject.

  • Gilt-Edged Market

    • 1st Edition
    • Moorad Choudhry + 2 more
    • English
    The Gilt-Edged Market is specifically aimed at finance professionals and investors who need to understand the inner working of the United Kingdom gilt market. There is detailed coverage of the different gilt instruments, as well as a look at the structures, institutions and practices of the market itself.Topics include:* Bond basics* Conventional gilts* Index-linked gilts* Gilt strips* The gilt repo market* The gilt bond future basis* Yield spread trading using giltsThere are also personal reminiscenes that illustrate the great changes that have occurred in this market since Big Bang, as well as an exposition on the art of trading.The Gilt-Edged Market is ideal reading for traders, salespersons, fund managers, private investors and other professionals involved to any extent in the UK gilt market.

  • The World Trade Organization and International Denim Trading

    • 1st Edition
    • Yan Li + 4 more
    • English
    The World Trade Organization and international denim trading is the first market report that focuses on analysing the international denim trading market and its key players. It discusses the important implications of China's entry into the World Trade Organization for the denim industry and analyses the denim trade in the major markets and the key players including USA, EEC, Japan, Hong Kong and China. Included are extensive and systematic primary data research; geographic distributions of denim trade; detailed description and analysis of major markets; comprehensive analysis of industry and its competitiveness and the impact of the World Trade Organisation.The opening chapter covers international textile and apparel trading; this is followed by China's entry into the World Trade Organisation and its impact on the international textile and apparel trade. The main part of the book reports on denim product trade in specific international markets and the final chapters highlight strategic implications for denim manufacturers and traders.

  • Derivative Instruments

    A Guide to Theory and Practice
    • 1st Edition
    • Brian Eales + 1 more
    • English
    The authors concentrate on the practicalities of each class of derivative, so that readers can apply the techniques in practice. Product descriptions are supported by detailed spreadsheet models, illustrating the techniques employed.This book is ideal reading for derivatives traders, salespersons, financial engineers, risk managers, and other professionals involved to any extent in the application and analysis of OTC derivatives.

  • Value at Risk

    Theory and Practice
    • 1st Edition
    • Glyn A. Holton
    • English
    Value at Risk is the first advanced book published on value-at-risk (VaR). It describes the ways to design, implement, and use scalable production VaR measures on actual trading floors. It takes readers from the basics of VaR to the most advanced techniques, many of which have never been published in book form. Practical, detailed examples are drawn from markets around the world, including: Euro deposits, Pacific Basin equities, physical coffees, and North American natural gas. Real-world challenges relating to market data, portfolio mappings, multicollinearity, and intra-horizon events are addressed in detail. Exercises reinforce concepts and walk readers step-by-step through computations. Sophisticated techniques are fully disclosed, including quadratic (delta-gamma) methods for nonlinear portfolios, variance reduction (control variates and stratified sampling) for Monte Carlo VaR measures, principal component remappings, techniques to fix estimated covariance matrices that are not positive-definite, the Cornish-Fisher expansion, and orthogonal GARCH. This text is ideal for finance professionals around the world, finance professors, and students.

  • Money Laundering

    • 1st Edition
    • Toby Graham + 2 more
    • English
    Money Laundering explores money laundering law and practice in three branches of the law all at once: criminal, civil and regulatory. In recent years there have been major developments that make this book both timely and important. The new Proceeds of Crime Act 2002 creates a much strengthened set of money laundering offences which are expected to be extensively used by prosecutors. The creation of the Assets Recovery Agency, with new powers to seek the civil recovery of the proceeds of crime, significantly enhances the scope of action that may be taken against property suspected to be derived from criminal conduct. In addition, there have been significant changes to the regulatory components of UK money laundering law brought about by the introduction of the FSA’s Money Laundering Sourcebook, amendments to the Money Laundering Regulations 1993 and enhancements to the Joint Money Laundering Steering Group’s Guidance Notes. These are all covered in this book. The book is written in a clear, practical style, and is right up-to-date, with legislation included up to 31 January 2003. It consists of 8 chapters covering the money laundering offences; confiscation; investigative orders; civil recovery and forfeiture proceedings; the Directive, Regulations and FSA Rules; and civil liability. This book is designed for the non-specialist and specialist practitioner alike. Money laundering reporting officers, compliance officers, senior officers with FSA approval, lawyers and accountants will all find this book essential.

  • Handbook of Heavy Tailed Distributions in Finance

    Handbooks in Finance, Book 1
    • 1st Edition
    • Volume 1
    • S.T Rachev
    • English
    The Handbooks in Finance are intended to be a definitive source for comprehensive and accessible information in the field of finance. Each individual volume in the series should present an accurate self-contained survey of a sub-field of finance, suitable for use by finance and economics professors and lecturers, professional researchers, graduate students and as a teaching supplement. The goal is to have a broad group of outstanding volumes in various areas of finance. The Handbook of Heavy Tailed Distributions in Finance is the first handbook to be published in this series.This volume presents current research focusing on heavy tailed distributions in finance. The contributions cover methodological issues, i.e., probabilistic, statistical and econometric modelling under non- Gaussian assumptions, as well as the applications of the stable and other non -Gaussian models in finance and risk management.

  • The International Meat Trade

    • 1st Edition
    • Jennifer Spencer
    • English
    With various crises experienced in the meat supply chain in the UK and elsewhere, seldom has the international meat industry been subject to so much attention as it is in the opening years of the 21st century. This major looseleaf represents the first comprehensive overview of the meat industry worldwide, and looks at production, consumption, prices, trade and policy profiles and developments in the key jurisdictions for each of the major product groups – cattle, sheep, pigs and poultry. It provides a wealth of market statistics and analysis of trends, future outlook, threats and opportunities. This is an in-depth survey that no-one involved in the international meat marketplace can afford to be without.

  • Life-Cycle Savings and Public Policy

    A Cross-National Study of Six Countries
    • 1st Edition
    • Axel Borsch-Supan
    • English
    Life-Cycle Savings and Public Policy examines data on many households from a number of different countries. The hope is that through these observations we can learn about the ways policies affect savings, and that other differences among savers can be controlled for, instead of being blamed on cultural differences. This book features a consistent framework among chapters. It reaches a harmony between measurement and analysis to compare accurately the resulting data and statistics. It provides econometric methodology to reveal the way policies affect savings. The book features data on household savings in Germany, Italy, Japan, the Netherlands, the U.K., and the U.S. This book is recommended reading for anyone interested in saving, social insurance policy, or capital formation.

  • Mergers, Acquisitions, and Other Restructuring Activities

    An Integrated Approach to Process, Tools, Cases, and Solutions
    • 2nd Edition
    • Donald DePamphilis
    • English
    Mergers, Acquisitions, and Other Restructuring Activities, Second Edition, is written for readers who crave real world learning. This edition presents all updated cases as well as 18 new case studies. This book is recommended for entrepreneurs, chief financial officers, investment bankers, portfolio managers, MBA students taking courses on mergers and acquisitions, corporate restructuring and strategy, and entrepreneurship; and graduate students in industrial economics.

  • Handbook of Agricultural Economics

    • 1st Edition
    • Volume 2
    • Bruce L. Gardner + 1 more
    • English

  • Handbook of Agricultural Economics

    Agricultural and Food Policy
    • 1st Edition
    • Volume 2B
    • Bruce L. Gardner + 1 more
    • English

  • Handbook of Agricultural Economics

    Agriculture and its External Linkages
    • 1st Edition
    • Volume 2A
    • Bruce L. Gardner + 1 more
    • English
    The subject matter of agricultural economics has both broadened and deepened and the chapters of this handbook present innovative work in the field. This volume contains sections on "agriculture, natural resources and the environment" and "agriculture in the macroeconomy". Volume 2B completes the handbook with a section on "agriculture and food policy". Although agricultural economists have always paid attention to these topics, research devoted to them has increased substantially in scope as well as depth in recent years.

  • Profile of the International Pump Industry - Market Prospects to 2007

    • 5th Edition
    • R. Reidy
    • English
    This fifth edition of Profile of the International Pump Industry - Market Prospects to 2007 reviews the markets, technological trends, and major manufacturers of industrial pumps. Profile of the International Pump Industry covers both the international pump industry and its associated market, illustrating the structure of the industry, highlighting developments, identifying future trends, and looking at recent mergers and acquisitions. Market estimates and forecasts to 2007, by region and pump type, are presented along with an analysis of the main end-user markets for industrial pumps, and a technology overview. Forty leading international pump manufacturers are profiled and a Top 20 league table of pump manufacturers, ranked by sales of pumps, is given. A directory of pump manufacturing companies and an index of companies by product type are also included.

  • Real R & D Options

    • 1st Edition
    • Dean Paxson
    • English
    Real R&D options are among the earliest modelled real options, with now ten primary practical uses: general R&D planning, planning R&D in stages, evaluating test information, new product development timing, operations, abandonment, risk sharing, market funding, industry strategy and regulation. This book was partly motivated by requests to identify and develop real option models for R&D in telecommunications, petroleum technology and biotechnology. Nine new models cover information and implementation costs, analytical solutions for mean reverting, or fat tailed revenues, endogenous learning and exogenous and experiential shocks, American sequential options, and innovator advantages. Four new applications include forward start development options, exploration options, innovation with information costs, and innovator's real values with changing market share. R&D directors and researchers will find several uses for these models: general R&D planning evaluating test information new product development timing risk sharing industry strategy and regulation

Related subjects